ADB approves $100m for infrastructure in Sindh

Islamabad—The Asian Development Bank (ADB) has approved a $100 million loan to strengthen the standards in the development and delivery of public-private partnership (PPP) projects and help bridge the infrastructure investment gap in Sindh province.
The Government of the United Kingdom, through the Department for International Development, is also cofinancing the project, contributing $19.23 million in grant and $4.75 million in technical assistance, both of which will be managed by ADB. The total cost of the project is $188.98 million in which the Sindh government is contributing $65 million.
“Sindh province continues to have large infrastructure and social service needs which PPPs can assist in addressing,” said Werner Liepach, ADB’s Country Director for Pakistan. “The project will strengthen the provincial government’s capacity to identify, develop, and implement PPPs as well as boost private sector participation.”
Sindh is crucial to Pakistan’s economic future, representing 23% of the country’s population and 32% of GDP. Annual infrastructure investments in the province have been minimal over the last few years, representing only 4% of the total investment requirements in transport, electricity, water supply and sanitation, solid waste, telecommunication, and irrigation.
The assistance will help in leveraging private capital to augment infrastructure investments in Sindh. In addition, projects will help create jobs and generate income which will further improve the overall economic growth in Sindh.—Agencies